Volcon, Inc. (NASDAQ: VLCN) is pioneering the all-electric, off-road powersports market. The company designs and manufactures electric two and four-wheel motorcycles and utility terrain vehicles (UTVs), also known as side-by-sides. Their product line includes innovative upgrades and accessories to enhance the off-road experience. Volcon aims to lead the transition towards sustainable outdoor adventure by offering electric vehicles that promise high performance without the environmental impact of traditional gas-powered engines. Their efforts include expanding their vehicle lineup and improving technology to meet the growing demand for eco-friendly powersports options.
We are currently in a Double Bottom with a Gap down into the base. With short sellers taking profits and buying back positions, we could start to see price make a push to close the price gap. There was a reverse stock split that occurred on 2/5/23.
We are currently in a Double Bottom with a Gap down into the base. With short sellers taking profits and buying back positions, we could start to see price make a push to close the price gap. There was a reverse stock split that occurred on 2/5/23.
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Price never made an engulfing move to the upside.